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Shipping Industry News
Agri Port is your go-to source for the latest local and global industry news relevant to the shipping and grain vessel loading industry. Stay up-to-date with current events, new regulations, best practices, and essential industry updates that impact your operations.
From
Reuters
via
gCaptain
US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Says
The U.S. will impose "the toughest sanctions in history" on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested would lessen the need for new major military operations against Tehran.
From
Reuters
via
gCaptain
Norway Boosts Defense Footprint with Expansion of Arctic Brigade
Norway expanded on Thursday a recently created military brigade headquartered in the Arctic, the latest move by a NATO nation to boost its defense footprint in the wake of the Ukraine war.
From
Bloomberg
via
gCaptain
Trump Threatens Economic Isolation for Iran and Its Trading Partners
US President Donald Trump threatened Iran and its trading partners with economic isolation after months of military strikes and a maritime blockade failed to force Tehran to capitulate.
From
Bloomberg
via
gCaptain
Soaring Panama Canal Fees Drive a Nascent LPG Shuttle Trade
Exporters including Chevron Corp. are turning to ship-to-ship transfers to send liquefied petroleum gas from the US to Asia, an apparent change in strategy that comes as users of the Panama Canal grapple with congestion and record transit fees.
From
Mike Schuler
via
gCaptain
Federal Labor Board Orders OSG and Alaska Tanker Company to Bargain With Deck Officers
The National Labor Relations Board has ordered two Saltchuk Resources tanker subsidiaries to recognize and bargain with the International Organization of Masters, Mates & Pilots (MM&P), following a long-running dispute...
From
gCaptain
via
gCaptain
Transpacific Container Rates Surge as Carriers Cut Capacity
Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The Drewry World Container Index increased...
From
Lori Ann LaRocco
via
gCaptain
Maritime Markets Bracing for Long-term Disruption in the Middle East
By Lori-Ann LaRocco – The strong undertow of political bluster, a lack of data, vessel attacks and the political calendar have transformed the flow of trade in the Middle East....
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From
Reuters
via
gCaptain
Trump Weighs Russian Oil Sanctions Relief as Hormuz Disruption Sends Prices Soaring
U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices amid the Iran conflict, according to multiple sources.
From
Mike Schuler
via
gCaptain
NASSCO Christens Final Expeditionary Sea Base Ship for U.S. Navy
General Dynamics NASSCO has christened USNS Hector A. Cafferata Jr. (ESB 8) in San Diego, marking the sixth and final vessel in the U.S. Navy’s Expeditionary Sea Base (ESB) program and bringing to a...
From
Reuters
via
gCaptain
Oil Surges to Highest Since 2022 as Hormuz Crisis Roils Energy Markets
Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran.
From
Ben DiCostanzo
via
Barchart
Hogs Stable in a World of Frenzy
Hogs hold while outside markets spin out of control
From
Chris Swift
via
Barchart
Shootin' the Bull about not a lot
There isn't a great deal to discuss as the current events are difficult to assess, making all forward projections even more difficult.
From
Reuters
via
gCaptain
France’s Macron Orders Major Naval Deployment to Middle East
France is deploying about a dozen naval vessels, including its aircraft carrier strike group, to the Mediterranean, Red Sea and potentially the Strait of Hormuz as part of defensive support to allies threatened by the conflict in the Middle East.
From
Jim Wyckoff
via
Barchart
Corn, Soybeans, and Wheat May Be the ‘Next Silver’ for Traders
As crude oil prices spike, corn, wheat, and soybean prices are seeing bullish price action. What to watch next.
From
Mike Schuler
via
gCaptain
Trump’s Greenland Hospital Ship Now Sailing Up West Coast After Panama Canal Transit
The U.S. Navy hospital ship USNS Mercy is currently sailing north along the West Coast off Mexico after transiting the Panama Canal last week, according to the latest Automatic Identification System (AIS) data. Recent...
From
Mike Schuler
via
gCaptain
Tariff Uncertainty to Keep U.S. Container Imports Below 2025 Levels, NRF Says
U.S. containerized imports are expected to remain below last year’s levels through the first half of 2026 as tariff uncertainty continues to weigh on trade flows, according to the latest Global Port Tracker report...
From
Austin Schroeder
via
Barchart
Soybeans Feeling Pressure on Monday
Soybeans are down 5 to 7 cents at Monday’s midday, more than 35 cents off the overnight highs. Open interest was up 16,951 contracts on Friday. The cmdtyView national average Cash Bean price is down 6 1/4 cents at $11.20 1/2. Soymeal futures are down $3 to $3.70, with Soy...
From
Austin Schroeder
via
Barchart
Wheat Fading Back Lower at Midday
The wheat complex is down across most contracts on Monday. Chicago SRW futures are down 10 to 13 cents. KC HRW futures are 2 to 4 cents in the red. MPLS spring wheat is fractionally mixed at midday. Crude oil is up just $3.97 at midday and nearly $25 from...
From
Austin Schroeder
via
Barchart
Corn Reverting Lower at Monday’s Midday
Corn futures are down 3 to 7 cents across most contracts, falling from the overnight highs. There were 241 deliveries issued against March corn on Friday night. The CmdtyView national average Cash Corn price is down 6 1/2 cents to $4.12 3/4. Crude oil is up just $3.97 at midday...